Got an extra-ordinary residential case?

Solution Found.

Income considered

Criteria that applies to all applicants

  • Up to 100% of bonus and/or commission accepted
  • 100% Personal and state pension income
  • 100% Investment income
  • 100% Net rental income
  • 100% Maintenance income (court order)
  • 100% Maternity and paternity income
  • 100% Trust income
More acceptable income for extra-ordinary clients.

Key criteria

Who for?

  • Self-employed – directors, partners and contractors; retained profits considered
  • Employed - no minimum term in current job (minimum 3 months employed)
  • Clients with multiple and unusual income sources
  • Holders of credit blips / lower credit scores - view our criteria tiers
  • First time buyers
  • Discover more about which extra-ordinary clients we can help you with here

How much?

  • Maximum loan £2m
  • Maximum term 40 years
  • Maximum age 75 at end of term
  • No minimum income
  • Maximum number of applicants is 4 (immediate family)

What for?

  • Capital and repayment mortgages up to 90% LTV
  • Interest only, affordability calculated on an interest only basis up to 70% LTV
  • Capital raising for buy to let purchase accepted
  • A part and part mortgage up to 80% LTV

What would you like to do next?

Our credit tiers explained

 

We consider clients with blips on their credit rating and other credit score declines. Our residential mortgages are split into three tiers, F1, F2 and F3. Please use the table below to see which tier your client with a credit blip would fit into.

Defaults & CCJs

All defaults and CCJs must be satisfied irrespective of when they occured, unless otherwise stated

CCJs
0 in 36

All CCJs must be fully satisfied at the time of application

Defaults
0 in 36

Defaults within the last 36 months are considered but only where the cumulative value is below £250 and relates to mail order, comms and utilities

Mortgage arrears
0 in 36
Credit cards, Mail Order, Comms & Utilities

Worst status of 2 per account in the last 36 months with 0 in the last 12 months

Unsecured loan arrears
0 in 36 months
Bankruptcy & IVAs

None registered against any borrower

Defaults & CCJs

All defaults and CCJs must be satisfied irrespective of when they occurred, unless otherwise stated

CCJs
0 in 24

1 unsatisfied (if older than 24m) to the value of £200 otherwise must be satisfied at application

Defaults
0 in 24

Defaults within the last 24 months are considered but only where the cumulative value is below £250 and relates to mail order, comms and utilities

Mortgage arrears
0 in 36 months
Credit cards, Mail Order, Comms & Utilities

Up to date on application Worst status of 2 per account in the last 24 months

Unsecured loan arrears

Up to date on application Worst status of 1 per account in the last 24 months

Bankruptcy & IVAs

None registered against any borrower

Defaults & CCJs

All defaults and CCJs must be satisfied irrespective of when they occurred, unless otherwise stated

CCJs
0 in 12

1 unsatisfied (if older than 12m) tot he value of £200 otherwise must be satisfied at application

Defaults
0 in 12

Defaults within the last 12 months are considered but only where the cumulative value is below £250 and relates to mail order, comms and utilities

Mortgage arrears
0 in 36 months
Credit cards, Mail Order, Comms & Utilities

Up to date on application Worst status of 2 per account in the last 12 months

Unsecured loan arrears

Up to date on application Worst status of 2 per account in the last 24 months

Bankruptcy & IVAs

Bankruptcy discharged or IVAs satisfied 3 or more years ago are considered

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